TD Cowen Cuts Honeywell International (NASDAQ:HON) Price Target to $250.00

Key Points

• TD Cowen has lowered its price target for Honeywell International from $260.00 to $250.00, indicating a potential upside of 19.63% from the current price.
• Analysts have mixed ratings on Honeywell, with one Strong Buy, nine Buy, and eight Hold ratings, leading to an average price target of $251.80.
• Honeywell reported better-than-expected earnings with a quarterly revenue of $10.35 billion, marking an 8.1% increase year-over-year.

Honeywell International (NASDAQ:HON - Get Free Report) had its price objective lowered by TD Cowen from $260.00 to $250.00 in a research note issued to investors on Tuesday,MarketScreener reports. TD Cowen's price objective would indicate a potential upside of 19.63% from the company's current price.

Several other equities analysts also recently weighed in on HON. Weiss Ratings reissued a "buy (b-)" rating on shares of Honeywell International in a research report on Saturday, September 27th. Royal Bank Of Canada cut their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research report on Friday, July 25th. Barclays upped their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley raised their price target on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, Jefferies Financial Group cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set a "hold" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $251.80.

Honeywell International Stock Down 0.0%

Honeywell International stock opened at $208.98 on Tuesday. The firm has a market capitalization of $132.68 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. Honeywell International has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock's fifty day moving average is $215.05 and its two-hundred day moving average is $217.38.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. The business had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. Analysts predict that Honeywell International will post 10.34 EPS for the current fiscal year.

Insider Activity

In related news, CEO Lucian Boldea sold 42,149 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the transaction, the chief executive officer owned 10,334 shares in the company, valued at $2,289,807.72. The trade was a 80.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Honeywell International

Hedge funds have recently made changes to their positions in the company. Wedmont Private Capital lifted its holdings in shares of Honeywell International by 1.2% in the 3rd quarter. Wedmont Private Capital now owns 9,292 shares of the conglomerate's stock valued at $1,942,000 after buying an additional 109 shares during the period. Czech National Bank boosted its position in shares of Honeywell International by 2.6% during the 3rd quarter. Czech National Bank now owns 161,251 shares of the conglomerate's stock worth $33,943,000 after purchasing an additional 4,157 shares in the last quarter. Accel Wealth Management grew its stake in shares of Honeywell International by 20.8% during the 3rd quarter. Accel Wealth Management now owns 3,179 shares of the conglomerate's stock worth $669,000 after purchasing an additional 548 shares during the period. Montecito Bank & Trust purchased a new position in shares of Honeywell International in the 3rd quarter valued at about $989,000. Finally, Lbmc Investment Advisors LLC lifted its stake in shares of Honeywell International by 66.7% in the third quarter. Lbmc Investment Advisors LLC now owns 2,061 shares of the conglomerate's stock valued at $434,000 after purchasing an additional 825 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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